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Use the income statement and the balance sheet to calculate the following: a. Baker's rate of inventory turnover and days' inventory outstanding for 2021. b. Days' sales in average receivables (days' sales outstanding) during 2021 (round dollar amounts to one decimal place). Assume all sales are made on account. c. Accounts payable turnover and days' payables outstanding for 2021. For this purpose, assume that the impact of inventories on cost of goods sold is immaterial, allowing you to use cost of goods sold rather than purchases in your computations. d. Length of cash conversion cycle in days for 2021. Do these measures look strong or weak? Give the reason for your answer. Data table Balance Sheet (Adpated) December 31,2021 and 2020 Increase (Decrease) \begin{tabular}{l} (Dollar amounts in millions) \\ \hline \end{tabular} Liabilities and Stockholders' Equity Current liabilities: Accounts payable Income tax payable Short-term debt Other \begin{tabular}{rrrr} $970$ & 880$ & 90 & 10.2% \\ 50 & 80 & (30) & (37.5) \\ 120 & 110 & 10 & 9.1 \\ 65 & 70 & (5) & (7.1) \\ \hline 1,205 & 1,140 & 65 & 5.7 \\ \hline 3,805 & 2,940 & 865 & 29.4 \\ 1,100 & 1,010 & 90 & 8.9 \\ \hline 6,110 & 5,090 & 1,020 & 20.0 \\ \hline \end{tabular} Stockholders' equity: Common stock Retained earnings Baker Corportion Balance Sheets (Adapted) December 31, 2021 and 2020 Increase (Decrease) (Dollar amounts in millions) 2021 2020 Amount Percentage Assets Current assets: Cash and cash equivalents Short-term investments Receivables, net Inventories \begin{tabular}{rrrr} $1,200 & 910$ & 290 & 31.9% \\ 4 & 70 & (66) & (94.3) \\ 240 & 250 & (10) & (4.0) \\ 100 & 80 & 20 & 25.0 \\ 262 & 332 & (70) & (21.1) \\ \hline 1,806 & 1,642 & 164 & 10.0 \\ \hline 3,842 & 3,350 & 492 & 14.7 \\ \hline 1,010 & 840 & 170 & 20.2 \\ \hline .800 & 710 & 90 & 12.7 \\ \hline \hline \end{tabular}